Colin Heath, Managing Director of M4 Publishing and Events, which organised the awards that were scheduled to be held on 30 November said, on 28 November, ‘It is with a heavy heart that I have taken the decision that the event is not commercially viable, and is cancelled.’
The inaugural event had gained a title sponsor, and a number of other companies committed to it on the basis of the headline sponsor, Heath said.
The headline sponsor withdrew on 13 November citing ‘freedom of information requests from manufacturers, conflict of interest’ and the desire not to be aligned with any specific insulation maker. This news caused the event’s other backers to pull out, said Heath in an open letter.
Companies in the industry offered financial support for the event by 20 November, but following the Sky News broadcast, ‘we have not been able to secure the emergency funding we were offered’, Heath concluded.
Among the awards that were to be presented was one for Fire Performance Project of the year.